AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 211.22 Increased By ▲ 13.86 (7.02%)
BOP 9.64 Increased By ▲ 0.10 (1.05%)
CNERGY 6.42 Increased By ▲ 0.51 (8.63%)
DCL 9.25 Increased By ▲ 0.43 (4.88%)
DFML 37.50 Increased By ▲ 1.76 (4.92%)
DGKC 98.52 Increased By ▲ 1.66 (1.71%)
FCCL 35.99 Increased By ▲ 0.74 (2.1%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.20 Increased By ▲ 1.03 (7.82%)
HUBC 129.77 Increased By ▲ 2.22 (1.74%)
HUMNL 13.79 Increased By ▲ 0.29 (2.15%)
KEL 5.46 Increased By ▲ 0.14 (2.63%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.48 Increased By ▲ 0.78 (1.74%)
NBP 60.70 Decreased By ▼ -0.72 (-1.17%)
OGDC 220.26 Increased By ▲ 5.59 (2.6%)
PAEL 40.85 Increased By ▲ 2.06 (5.31%)
PIBTL 8.52 Increased By ▲ 0.27 (3.27%)
PPL 198.10 Increased By ▲ 5.02 (2.6%)
PRL 40.00 Increased By ▲ 1.34 (3.47%)
PTC 27.51 Increased By ▲ 1.71 (6.63%)
SEARL 108.50 Increased By ▲ 4.90 (4.73%)
TELE 8.65 Increased By ▲ 0.35 (4.22%)
TOMCL 35.66 Increased By ▲ 0.66 (1.89%)
TPLP 13.70 Increased By ▲ 0.40 (3.01%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.15 Increased By ▲ 1.18 (3.58%)
WTL 1.69 Increased By ▲ 0.09 (5.63%)
BR100 12,040 Increased By 313.3 (2.67%)
BR30 37,394 Increased By 1017.2 (2.8%)
KSE100 112,674 Increased By 3161.3 (2.89%)
KSE30 35,537 Increased By 1024.1 (2.97%)

On Tuesday, Business Recorder sent the following queries to the World Bank: can any party to the treaty (India or Pakistan) alter or scrap the Indus Water Treaty (IWT) signed between Pakistan and India in 1960 brokered by the World Bank unilaterally? And what procedure is required to be adopted if any party wants to alter or scrap the Treaty?
The Washington-based World Bank''''''''s spokesperson responded as follows: "The World Bank''''''''s role in the Indus Waters Treaty 1960 is limited and strictly procedural and Business Recorder enquiry is best directed to the member governments." Local and international legal experts and officials of Pakistan government argue that the Indus Water Treaty cannot be altered or scrapped unilaterally.
Meanwhile, the Attorney General for Pakistan along with Secretary Water and Power, Muhammad Younus Dagha and Commissioner Indus Water Commission the Ambassador of Pakistan and senior officials from the Ministry of Water and Power called on the World Bank officials in Washington DC, including the head of legal department, to discuss the formation of Court of arbitration for resolving the matter of water disputes especially those related to construction of hydropower projects. The World Bank will be deciding the issue in the next few days, according to a press release.

Copyright Business Recorder, 2016

Comments

Comments are closed.